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Help! I got an answer that was $1314 that was incorrect, where did I go wrong? Common stock value-Zero growth Personal Finance Problem Kelsey Drums,

Help! I got an answer that was $1314 that was incorrect, where did I go wrong?

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Common stock value-Zero growth Personal Finance Problem Kelsey Drums, Inc., is a well-established supplier of fine percussion instruments to orchestras all over the United States. The company's class A common stock has paid a dividend of $2.80 per share per year for the last 12 years. Management expects to continue to pay at that amount for the foreseeable future. Kim Arnold purchased 200 shares of Kelsey class A common 10 years ago at a time when the required rate of return for the stock was 7.6%. She wants to sell her shares today. The current required rate of return for the stock is 9.25%. How much total capital gain or loss will Kim have on her shares? The value of the stock when Kim purchased it was? per share. (Round to the nearest cent.) The value of the stock if Kim sells her shares today is? per share. (Round to the nearest cent.) The total capital gain (or loss) Kim will have on her shares is $ (Round to the nearest dollar. Enter a positive number for a capital gain and a negative number for a loss.)

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